Hints and tips:
...Security concerns have prompted Berlin in recent months to reconsider the use of Huawei equipment in the German telecoms network and review a decision to allow the Chinese shipping company Cosco to buy a...
...Although the world’s top oil exporter has foreign reserves of $470bn, it needs to preserve the bulk of those funds to stave off speculation on the riyal’s dollar peg....
...So when a bulk shipment of soyabeans left Argentina for Malaysia this year, the use of blockchain technology to shake up the centuries-old system of trade finance transactions caused a stir....
...Today the company is a sprawling state conglomerate with $1.1tn in assets and holdings in real estate, ports, shipping, banking, asset management, toll roads and even healthcare....
...Tianjin Tianhai promised to “strengthen communications” with its banks in future....
...Just two months later, the controlling family is selling the world’s seventh-biggest container shipping line to Cosco Shipping, its Chinese state-owned rival....
...ANZ said on Tuesday that China Cosco Shipping Corp and Shanghai Sino-Poland Enterprise Management Development Corp had each agreed to acquire 10 per cent of SRCB....
...The Tianjin-based company, whose parent group was half of a government-led merger last February between China Ocean Shipping Group and China Shipping Group, on Friday announced net losses of Rmb7.2bn ($1.1bn...
...Hong Kong-listed Cosco Shipping, née Cosco Pacific, had a choppy first half in 2016 as it made the switch to becoming purely a pure terminal operator – the result of a merger between state-owned parent Cosco...
...Last year, France’s CMA CGM announced it was taking over Singapore’s Neptune Orient Lines, while China Cosco and China Shipping outlined plans to merge....
...However, the listed arm of China’s Cosco Shipping — Asia’s biggest shipping company — racked up a record $1.1bn first-half loss....
...The container shipper asked lenders in April to restructure its mounting debts — which totalled Won6.1tn ($5.5bn) as of end-June — in return for management control....
...It was carrying Won6.1tn ($5.5bn) in gross debt from losses incurred both in container shipping and the equally crisis-hit dry bulk sector....
...This will boost volumes for GrainCorp, the largest exporter of bulk grains from the east side of the country....
...China Cosco will focus on container shipping and Cosco Pacific on terminal operations. China Shipping Development will operate oil and gas vessels (the best of the businesses)....
...Michelle Hung joined Cosco Pacific, the Hong Kong subsidiary of the eponymous Chinese shipping company, as general counsel 20 years ago....
...Cosco referred to the industry’s troubles in a stock exchange filing: “The international dry bulk shipping market continued to hover at a historically low level....
...Hanjin Shipping has sold its bulk-shipping business and some terminal operations but still suffers from cash shortages as the industry slump gets protracted....
...But in 2014 it joined the existing CKYH alliance of China’s Cosco, Japan’s K Line, Taiwan’s Yang Ming and Korea’s Hanjin Shipping....
...Late on Wednesday Ingram Micro, a US information technology company, said it had agreed to be bought by Shanghai-listed Tianjin Tianhai, a container shipping and freight agency business....
...(Wall Street Journal) HTC Vive ships The $800 virtual reality headset is now shipping in 24 countries, with delivery in about two or three business days....
...China’s government has moved to combine Cosco and China Shipping. Neptune is up for sale; some have suggested a merger with Hong Kong’s Orient Overseas....
...Brookfield and its partners will buy the bulk and automotive ports services business for A$925m....
...China Cosco, a state-owned shipping company, is seven times more indebted than Piraeus Port Authority in Greece, which it bought for €368.5m last month ....
...California-based Ingram said it had agreed to be bought by Tianjin Tianhai, which is part of HNA, for $38.90 a share in an all-cash deal....
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